Bryce Point Capital LLC Makes New Investment in Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Bryce Point Capital LLC acquired a new stake in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,388 shares of the company’s stock, valued at approximately $431,000.

Other institutional investors have also made changes to their positions in the company. Wesbanco Bank Inc. grew its holdings in Sprouts Farmers Market by 0.3% during the fourth quarter. Wesbanco Bank Inc. now owns 28,659 shares of the company’s stock valued at $3,642,000 after purchasing an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Sprouts Farmers Market by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,975 shares of the company’s stock valued at $251,000 after buying an additional 77 shares during the last quarter. Greenleaf Trust raised its holdings in Sprouts Farmers Market by 1.2% in the 4th quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock worth $853,000 after acquiring an additional 80 shares during the period. Foundations Investment Advisors LLC lifted its position in Sprouts Farmers Market by 1.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 6,649 shares of the company’s stock worth $845,000 after acquiring an additional 90 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Sprouts Farmers Market by 2.6% during the fourth quarter. Ballentine Partners LLC now owns 3,849 shares of the company’s stock valued at $489,000 after acquiring an additional 96 shares during the period.

Insider Transactions at Sprouts Farmers Market

In related news, VP Stacy W. Hilgendorf sold 229 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $139.43, for a total transaction of $31,929.47. Following the transaction, the vice president now owns 10,226 shares in the company, valued at $1,425,811.18. This represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Sinclair sold 49,898 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $137.42, for a total transaction of $6,856,983.16. Following the sale, the chief executive officer now directly owns 189,449 shares in the company, valued at approximately $26,034,081.58. This represents a 20.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,784 shares of company stock valued at $13,534,466. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SFM. Roth Mkm boosted their price objective on Sprouts Farmers Market from $105.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. BMO Capital Markets increased their price objective on Sprouts Farmers Market from $140.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, February 21st. The Goldman Sachs Group boosted their target price on shares of Sprouts Farmers Market from $174.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. UBS Group raised their price target on shares of Sprouts Farmers Market from $132.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Evercore ISI cut their price objective on shares of Sprouts Farmers Market from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $167.00.

Sprouts Farmers Market Price Performance

Shares of SFM stock opened at $145.29 on Friday. The stock’s fifty day simple moving average is $152.55 and its 200 day simple moving average is $138.96. Sprouts Farmers Market, Inc. has a one year low of $61.61 and a one year high of $178.99. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 0.59.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Sprouts Farmers Market had a net margin of 4.93% and a return on equity of 29.86%. On average, analysts expect that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.